Can foreigners own land in Mongolia?
No. In Mongolia, all land (except for small parcels owned by Mongolian citizens only) are leased by the local government to the user (this includes all commercial use land being used by 100% Mongolian owned companies). For foreigners, the lease can be between 15 to 40 years. The lease can be extended to up to 60 years. Even if someone else owns the land on which your immovable property sits, the owner of the land does not have ownership rights over your immovable property and cannot demolish or damage it.
No. In Mongolia, all land (except for small parcels owned by Mongolian citizens only) are leased by the local government to the user (this includes all commercial use land being used by 100% Mongolian owned companies). For foreigners, the lease can be between 15 to 40 years. The lease can be extended to up to 60 years. Even if someone else owns the land on which your immovable property sits, the owner of the land does not have ownership rights over your immovable property and cannot demolish or damage it.
